Insider Selling: PHX Energy Services Corp. (TSE:PHX) Senior Officer Sells C$2,164,598.00 in Stock

PHX Energy Services Corp. (TSE:PHX) Senior Officer John Michael Hooks sold 269,900 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of C$8.02, for a total value of C$2,164,598.00.

PHX Energy Services Stock Up 0.2%

Shares of PHX Energy Services stock opened at C$8.26 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.25 and a debt-to-equity ratio of 25.99. The business’s 50 day simple moving average is C$8.16 and its 200-day simple moving average is C$8.93. The stock has a market capitalization of C$376.73 million, a price-to-earnings ratio of 5.19 and a beta of 2.32. PHX Energy Services Corp. has a twelve month low of C$6.64 and a twelve month high of C$10.70.

PHX Energy Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 9.69%. The ex-dividend date of this dividend was Monday, March 31st. PHX Energy Services’s payout ratio is 50.27%.

Analyst Upgrades and Downgrades

Separately, ATB Capital dropped their price target on PHX Energy Services from C$12.00 to C$11.50 and set an “outperform” rating on the stock in a research report on Monday, May 5th.

PHX Energy Services Company Profile

PHX Energy Services Corp is a Canadian service provider company. It is principally engaged in providing horizontal and directional drilling services, as well as web-based remote electronic drilling recorder technology and services, to oil and natural gas exploration and development companies in Canada, United States, Albania, and Russia.